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The team announced Friday morning that Kolb has been released.

Acquired from the Philadelphia Eagles at the exorbitant cost of Dominique Rodgers-Cromartie, a second-round draft pick and a six-year, $65 million contract in July of 2011, Kolb posted a 6-8 record with 17 touchdowns along with 16 interceptions in 15 games with the Cardinals.

The risky trade -- or, perhaps more accurately, the unwillingness to pull the cord after one season -- ended up costing general manager Rod Graves and coach Ken Whisenhunt their jobs.

Due an untenable $9 million base salary on top of a $2 million roster bonus that was set to trigger at 4 p.m. ET on Friday, Kolb never had a chance of keeping his roster spot without a pay cut. The two sides reportedly discussed different ways of restructuring his contract, but they couldn't find middle ground.

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However, with quarterbacks Drew Stanton and Brian Hoyer both under contract and vying for a chance to start, Kolb probably will try to seek greener pastures. It doesn't get any greener than the New York Jets, a team that has already discussed adding Kolb to their quarterback mix "at the right price."